Did You Know? - Health Insurance Fact:A recent study by Harvard University researchers found that the average out-of-pocket medical debt for those who filed for bankruptcy was $12,000. The study noted that 68 percent of those who filed for bankruptcy had health insurance. In addition, the study found that 50 percent of all bankruptcy filings were partly the result of medical expenses . Every 30 seconds in the United States someone files for bankruptcy in the aftermath of a serious health problem.